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Financial- Precision Industrial
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Last modified
9/19/2012 3:30:32 PM
Creation date
9/6/2011 3:56:55 PM
Metadata
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Building
RecordID
10218
Title
Financial- Precision Industrial
Company
Marion County
BLDG Date
10/9/1997
Building
Courthouse Square
BLDG Document Type
Finance
Project ID
CS9801 Courthouse Square Construction
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If this contract is terminated while the Contractor has possession of Recipient goods, the Contractor <br />shall, upon direction of the Recipient, protect and preserve the goods until surrendered to the <br />Recipient or its agent. The Contractor and Recipient shall agree on payment for the preservation and <br />protection of goods. Failure to agree on an amount will be resolved under the Dispute clause. <br />If, after termination for failure to fulfill contract obligations, it is determined that the Contrac[or was <br />not in default, the rights and obligations of the parties shall be the same as if the termination had been <br />issued for the convenience of the Recipient. <br />h. Termination for Default (Construction) If the Contractor refuses or fails to prosecute the work or <br />any separable pad, with the diligence that will insure its completion wi[hin the [ime specified in this <br />contract or any extension or fails to complete the work within tl~is time, or if the Contractor fails to <br />comply with any other provisions of this contract, the Recipient may terminate this contract for <br />default. The Rectpient shall terminate by delivering to the Contractor a Notice of Termination <br />specifying the nature of the default. In this event, the Recipient may take over the work and compete <br />it by contract or otherwise, and may take possession of and use any materials, appliances, and plant <br />on the work site necessazy for completing the work. The Contractor and its sureties shall be liable for <br />any damage to the Recipient resulting from the Contractor's refusal or failure to complete the work <br />within specified time, whether or not the Contractor's right to proceed with the work is terminated. <br />This liability includes any increased costs incurred by the Recipient in completing the work. <br />The Cont~actor's right to proceed shall not be terminated nor the Contractor charged with damages <br />under this clause if- <br />1. [he delay in completing the work arises from unforeseeable causes beyond the control and without <br />the fault or negligence of the Contcactor. Examples of such causes include: acts of God, acts of the <br />Recipient, acts of another Contractor in the performance of a cont~act wi[h the Recipient, epidemics, <br />quarantine restrictions, strikes, freight embargoes; and <br />2. the Contractor, within 4 days from the beginning of any delay, notifies the Recipient in writing of <br />the causes of delay. If in the judgment of the Recipient, the delay is excusable, the time for <br />completing the work shall be extended. The judgment of the Recipient shall be final and conclusive <br />on the parties. <br />If, after termination of the Contractors right to proceed, it is determined that the Contractor was not <br />in default, or that the delay was excusable, the rights and obligations of the parties will be the same as <br />if the termination had been issued for the convenience of the Recipient. <br />i. Termination for Convenience or Default (Architect and Engineering) The Recipient may <br />ternunate this contract in whole or in part, for the Recipient's convenience or because of the failure of <br />the Contractor to fulfill the contract obligations. The Recipient shall terminate by delivering to the <br />Contractor a Notice of Termination specifying the nature, extent, and effective date of the <br />termination. Upon receip[ of the notice, the Contractor shall (1) immediately discontinue all services <br />affected (unless the notice directs otherwise), and (2) deliver to the Contracting Officer all data, <br />drawings, specifications, reports, estimates, summaries, and other information and materials <br />accumulated in pe[forming this cont~act, whether completed or in process. <br />If the termination is for the convenience of the Recipient, the Contracting Officer shall make an <br />equitable adjustment in the contract price but shall allow no anticipated profit on unperformed <br />services. <br />If the termination is for failure of the Contractor to fulfill the contract obligations, the Recipient may <br />complete the work by contact or otherwise and the Contractor shall be liable for any additional cost <br />incurred by the Recipient. <br />Addendum, FI'A Contract Requirements <br />Page - 20 <br />031897t157 <br />
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